|Bid||15.53 x 900|
|Ask||15.67 x 900|
|Day's Range||15.16 - 16.06|
|52 Week Range||2.07 - 32.43|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 09, 2021 - Aug 13, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.67|
Shares of Vuzix (NASDAQ: VUZI) have plunged today, down by 10% as of 11 a.m. EDT, after the company reported first-quarter earnings. The results were mixed relative to analyst expectations, while the company continues to ramp shipments of its smart glasses. Revenue in the first quarter was $3.9 million, slightly ahead of the consensus estimate of $3.83 million in sales.
Now, I would like to turn the call over to Ed McGregor, director of investor relations at Vuzix. With us today are Vuzix's CEO, Paul Travers; and CFO, Grant Russell. Before I turn the call over to Paul, I would like to remind you that on this call, management's prepared remarks may contain forward-looking statements, which are subject to risks and uncertainties, and management may make additional forward-looking statements during the question-and-answer session.
Vuzix (VUZI) delivered earnings and revenue surprises of -20.00% and 8.75%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?